USDJPY Short
Expecting USDJPY to break into a sell again, charting is similar to my most recent posting. Within in the last week UJ completed the previous support cycle down to price 132.000 and slowly drove back up to resistance areas. I am expecting the downward cycle to begin again as the dollar continues to lose steam without too many bullish gains. MA convergence indicators are showing strong signs of downward movement as well.
Sell Entry: 133.700
Targets: 133.460 | 133.200 | 133.000 | 132.750 | 132.500 | 132.200
Support: 132.000
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Sell Entry: 133.700
Targets: 133.460 | 133.200 | 133.000 | 132.750 | 132.500 | 132.200
Support: 132.000
Be sure to like, follow, and let me know what you think in the comments below.
Note
Stop Loss above price 134.500Trade closed: stop reached
Stop loss reached for now.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.